This is for the second time Bangladesh have lifted the Plate title after upsetting the West Indies in the tournament's 1998 edition in South Africa.

The 15,000-strong suburbs crowd burst into euphoria when left-arm spinner Enamul Haque ended the brave Australians chase with the third ball of the final over by having last batsman Gary Pitland stumped.

Australia needed 11 runs in the last over with two wickets in hand, but Enamul kept his nerves at the death, snapping up both the wickets to end the match with fantastic figures of 9.3-1-31-5.

The Australians looked dead and buried when they were reduced to 108-5 chasing Bangladesh's impressive total of 257 before a 125-run sixth wicket stand between Ahillen Beadle (54) and Stephen O'Keffe (64) propelled the game to an exciting finish.

But once the seemingly untroubled pair got themselves run-out, the Australian innings eventually folded at 249.

The day started perfectly for Bangladesh as the top-order returned among the runs much to the relief of coach Richard McInnes. Nafees Iqbal scored 59 and his opening partner Naeem Ismal struck 66 as the home side produced 124 runs for the first wicket.

Aftab Ahmed carried the charge from where the openers had left off, scoring a fluent 57 off only 53 balls. The dashing right-hander struck four boundaries and two massive sixes.

The victory made up for Bangladesh's exit from the Cup competition. Besides, the success fulfilled McInnes promises of making the final a memorable one. This is also the first time Bangladesh defeated an Australian team at any level of cricket.

The defeat capped a totally disappointing campaign for the fancied Australians. They not only lost the Cup crown that they won in New Zealand two years ago, but also will return home empty handed having been knocked out of the main competition after conceding a shock defeat to Zimbabwe.